Liberal Party of Paraguay

The Liberal Party was a liberal political party in Paraguay that existed from 1887 to 1993. The party was founded to represent the interests of landowners and middle-class merchants, and the party seized power from the conservative Colorado Party of Paraguay in the 1904 Liberal Revolution; it maintained power until 1940. In 1942, the party was officially dissolved, and the Colorados were the only party in the country by 1947. The party continued to exist abroad, however, and the party won 20/60 Chamber of Deputies seats in the 1963 elections. However, the party's support declined as the Radical Liberal Party of Paraguay grew in power, and support for the party dwindled after Alfredo Stroessner's overthrow. After 1993, the party stopped contesting elections.